Reinsurance Technical Accountant
Job Type : Contract, Full Time
Salary : £40000 – £60000/annum £60000 plus bens /bonus
Job Purpose:
To carry out all aspects of reinsurance accounting for our clients UK branch.
Key Result Areas:
* To accurately process all receipts/settlements/payments to the appropriate ledger, having agreed the items with the relevant third party. This includes brokers, co-insurers, reinsurers and other third parties, such as loss adjusters etc.
* To correctly allocate all receipts/payments against the respective technical entries on the ledgers, and to be able to reconcile any balance due to/from the third party to the third party statements.
* To promptly and proactively investigate any settlement or technical queries on the ledgers, liaising with the underwriters, technicians and claims teams as appropriate to resolve the queries.
* To issue accurate and timely statements of account to all third parties, as required in order to facilitate prompt settlement of balances.
* To process accurate technical entries/journals onto the appropriate ledgers, in order to ensure up-to-date accounts are maintained. This will include various inter-company accounts as well as those of third parties.
* To operate best practice credit control procedures in order to ensure Terms of Trade are met.
* To produce various management reports and analyses of the ledger balances, cash etc. as requested by the finance & operations director or others in the business.
* To proactively participate in projects or other initiatives designed to improve the effectiveness or efficiency of the finance department.
* To undertake any other tasks as requested by the Credit Control Team Leader, in order that the team achieve its objectives
Skills Required:
* 2+ years relevant reinsurance accounts experience
* Confident IT skills including MS Excel
* Confident credit control abilities
